American Apparel Said to Be in Talks to Raise $160 Million

American Apparel Inc., the Los Angeles-based clothier, is in talks to raise as much as $160 million from several groups, including a private-equity firm affiliated with Ron Burkle, according to four people familiar with the situation.

The restructuring plan may include a combination of refinancing the company’s debt held by Lion Capital LLP and Bank of America Corp. and exercising stock warrants, said the people, who declined to be identified because the talks are private. A deal may be completed in the next 30 days and could be for as little as $90 million, two of the people said. A deal could also take six months, one person said.